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Thursday, September 22, 2011
Equity Put/Call Ratio was one signal
Do you think the CPCE's uptrend was a good indicator of the market's current problems? I do. We have been watching the uptrend for months. Now, it is time to focus on the gold-silver ratio, T bonds and some other stuff as we gauge the coming of well, what comes next. BTW, one thing I am not going to focus on in the short term is sentiment; it sucks. So the bear is enforcing himself amid already putrid sentiment. Okay.
Here is the old chart you may remember from the blog, as we managed bear capitulation to the bull case and began a fledgeling trend change in the CPCE. How times - and trends - have changed.